market: FPI gross buys, AUM hit all-time records in June

market: FPI gross buys, AUM hit all-time records in June

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Brokerage firm Jefferies, after meetings in global funds in the US, has reported heightened international investor interest in India.

Synopsis

Gross FPI purchases reached a record high in June at ₹4.79 lakh crore ($57.48 billion), as per NSDL data. This figure is nearly double the monthly average of ₹2.32 lakh crore for the past two years.

ET Intelligence Group: Foreign portfolio investors (FIP) are increasing their stakes in Indian equities on expectations of policy continuity and the relatively lower weight they have assigned to India among emerging markets. Gross FPI purchases reached a record high in June at ₹4.79 lakh crore ($57.48 billion), as per NSDL data. This figure is nearly double the monthly average of ₹2.32 lakh crore for the past two years. This is also only the

BY

ET Bureau

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